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Thursday, May 9, 2024

Moore: 'Taxation has become so toxic that I fear people aren't looking at the big picture'

Moore

U.S. Rep. Blake Moore (R-UT) | BlakeMoore.house.gov

U.S. Rep. Blake Moore (R-UT) | BlakeMoore.house.gov

U.S. Rep. Blake Moore (R-UT) discussed his involvement in the Small Business Growth Act and his goal of easing economic constraints on small local businesses during an interview on the Breaking Battlegrounds podcast recorded on July 2. He also discussed Utah's state economics, Social Security, border security and reform, family values and the Fourth of July.

"Taxation has become so toxic that I fear people aren't looking at the big picture," Moore said during the podcast. "And if you take an individual piece, I think you got a lot of agreement, but it's how you move it forward. That's where we've got to get to more single-issue voting that would make everything run more smoothly back."

Moore also discussed the 2025 sunset of the Tax Cut Jobs Act, which Republicans managed to push through in 2017, as well as how members of Congress are working to rewrite portions of the act that have either expired or become outdated.

“There are provisions inside that bill that we have to be able to look back and say what has worked, what has been growth, and the Small Business Growth Act that we put together that was passed out of the committee just a few weeks ago is something we're really excited about,” he said.

According to Moore's website, he and other representatives introduced the Small Business Growth Act in May, and it advanced in the House of Representatives in mid-June. The act includes a tax deduction measure that doubles the maximum amount that business owners can write off in their taxes when considering an infrastructure or equipment purchase for their businesses. This measure will help any small business owners working to invest in and grow their businesses.

“I am grateful my Small Business Growth Act is included in the Ways and Means Committee’s economic package,” Moore said, according to his website. “This bill will help America’s small businesses attain the equipment they need to grow and support their workforce by increasing the deduction cap. Small businesses are essential to our economy, and it is incumbent on Congress to do all we can to provide support and resources to the businesses that keep America’s economy dynamic and competitive. I thank Chairman Smith for supporting this bill and including it in the Ways and Means Committee’s package aimed at bolstering small businesses across the nation.”

During his interview, Moore also discussed a proposal by U.S. Rep. David Schweikert (R-AZ) that would increase the minimum amount earned before a business has to file a 1099 form for a contract employee. The current level was set years ago, and Moore pointed out that if it had been adjusted for inflation, it would already be at the proposed level.

“But that's how you get with the regulatory body: It becomes archaic and you don't create opportunities to be dynamic within the system," Moore said on the podcast. "So it's a no-brainer, in my opinion." He added that the proposal would mostly impact high school seasonal or part-time workers and babysitters. "So up the threshold, still holding people accountable, this isn't where all the tax evaders are."

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